5 Reasons Why Women Should Work In Financial Services

5 Reasons Why Women Should Work In Financial Services

The American College of Financial Services
March 2, 2016

It’s no secret that financial services is a predominantly male field. This knowledge may deter women from entering the industry, or they may not realize the numerous benefits of becoming a financial advisor.

Financial services offers women unique opportunities for both personal and professional growth. If you are interested in pursuing a career in financial services, or have yet to look into the matter thoroughly, here are 5 reasons why women should consider entering the financial planning industry.


Why Should More Women Become Financial Advisors?

Unlimited Income Potential

Can you remember a time when you set a financial goal and failed to meet it? In the financial services industry, women can attain and exceed any financial goals they are ambitious enough to imagine.

You determine your income level. You can make as much or as little as you want - it all depends on your work ethic and commitment to the profession. If you work hard to build a stable and substantial practice, you will increase the likelihood of acquiring significant assets under management (AUM) and high net worth (HNW) clients. You can maximize your income by cultivating fewer, but wealthier, clients, or pursuing a larger number of clients.

Flexible Schedule

Gone are the days when you had to work the typical hours of 9-5. As a financial advisor, you create your own schedule. Financial advisors generally work during market hours, but you have the freedom to choose your exact schedule and availability.

In any professional role, it can be challenging for women to maintain an ideal life-work balance, especially if you have children or are a caretaker for a sick parent, but a career in financial services allows you to cater to the needs of all your roles: mother, daughter, wife, employee, etc. When you are making your own hours, you can prioritize your schedule around work and life responsibilities.

If your child falls ill and must stay home from school, you’re not forced to choose your job over your family. If you want to spend more quality time with your children or spouse, your flexible schedule lets you do so. You can attend school activities and sporting events while also addressing clients’ financial needs. While it’s of course necessary to work hard and be available to your clients, career success will no longer mean always sacrificing your personal life for your professional one.  

Freedom to Pick and Choose Clients

As a financial advisor, who you work with is up to you. You can choose to not work with clients because of different morals or values or due to clashing personalities. If your client refuses to listen to your financial advice, you can turn away the client.

Even if you stop working with certain clients, client shortage should never be a concern. Unless you plan to hyper-specialize (as many advisors choose to do), such as working only with clients having above $1million net worth, nearly everyone is a potential client. Tens of millions of people are seeking financial advice about everything from life insurance, retirement income planning, wealth accumulation, long term care or fixed income investment strategies,  services, and they require the kind of expertise only a qualified professional like you has.

Do What You Love

The financial services industry is multifaceted, offering numerous job opportunities catering to a variety of skills and interests. Maybe you enjoy the intricacies of retirement plans and qualified investment vehicles. Or perhaps you want to learn more about the health insurance industry. Or you may even seek out a position where you specialize in working with special needs families.

A career in financial services enables women to focus on what they love instead of simply working for a paycheck. You and only you shape your career path.

See the Impact of Your Work

Few professions allow you to see the direct impact of your work; financial services is one of those few. You can see how your advice and strategies positively impact your clients’ lives.

With your help, clients can achieve their financial goals, whether that goal is to save for their child’s college fund, protect their assets or increase their contributions to their 401(K). You can find satisfaction in helping clients assess their current financial situation, develop a solid financial plan and then put that plan into action.

A career in financial services allows women to reach an ideal work-life balance, pursue their interests and witness how their work positively influences their clients’ lives. If you’re interested in gaining an advanced education in financial services, or learning more about the industry, visit our site or call one of our expert advisors: 1-888-263-7265 to learn more about the opportunities and options available to you.